What is matched betting?

Matched betting works by punters signing up with a bookie and claiming the free bet or matched bet offer. For example, with bet365 you get a 100% deposit match when you sign up. This means that if you deposit £100 you get another £100 to bet with for free. Obviously bet365 don’t just give you the money, you have to place a bet equal to the amount of bonus you want to claim first.

So in order to claim you 100% deposit match £100 free bet you need to bet the £100 you initially deposited.

Here is where the betting exchanges come in. A betting exchange allows you to place bets in the traditional sense and back bets or act like a booked and lay bets. By laying bets you are essentially accepting bets from other punters. By laying off your bet placed with the original deposit of £100 you can make it essentially risk free.

So you have placed a bet on a normal bookie and a betting exchange and no matter what the outcome you will end up flat. Once the original bet you made on a traditional bookie has settled you will get a credit with the bonus amount.

You’ve therefore matched you bet and get a no risk free bet on a game of your choice. You can either bet on a favourite and try and win a little or bet on an outsider to win a little. Either way all profits are yours to keep and if you lose it doesn’t matter because the bet way free.

Can you always make money from matched betting?

It obviously doesn’t work all the time if you loose your free bet generated from matched betting on and off exchange. But if you go through all the welcome offers from the top bookies in the UK you should eventually come out one top.

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Want the best odds online? Use a betting exchange (compare the top three here) So the Gambling Commission is apparently looking into matched betting following complaints from bookmakers Over the last year, the UK Gambling […]

Want the best odds online? Use a betting exchange (compare the top three here) It’s really no surprise that popularity for matched betting has grown exponentially in recent years, as more and more people see […]

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Want the best odds online? Use a betting exchange (compare the top three here) If you’re up to date with developments in the betting exchange industry, you’ll likely be aware that Smarkets have grown exponentially […]

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